Max India to be relisted on stock exchanges on 28 August

Indian conglomerate Max Group will relist Max India on bourses for shares trading on Friday after it was delisted in June 2020. The move will enable stockholders to maximise gains from the growing senior healthcare services and retirement homes sector. Each shareholder has received one share of new Max India with a face value of Rs 10 for every 5 shares of erstwhile Max India, which had a face value of Rs 2 each.

“Max India (till recently known as Advaita Allied Health Services) will list and start trading on the NSE as well as the BSE on August 28. The listing will unlock value for shareholders of erstwhile Max India allowing them with pure play access to the sunrise and high-potential senior care sector,” a company statement said. Max India announced its senior housing project plan of Rs 300 crore in Noida recently and its new assisted care-services business. 

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The listing of Max India is followed by Max Healthcare’s listing last week. The new Max India is the holding company of Max Group’s senior care business ‘Antara’ and a skilling company, ‘Max Skill First’. “17 per cent of the elderly are living alone with a drastic fall in the ratio of caregivers to the elderly, which shows a dire need to address the situation,” Tara Singh Vachani, Executive Chairman of Antara said. Antara plan on providing an integrated platform for senior citizens to cater to all of their needs. 

 Max group recorded consolidated revenues of about Rs 19,800 crore in FY2020.